Which of the following is an example of an item that would be measured under the hybrid measurement categorization?
A) investment properties.
B) inventory measured at the lower of cost and net realizable value.
C) biological assets.
D) financial instruments carried at cost.

Question

Quizplus · Accepted Answer

Hybrid measurement is a combination of both historical cost and fair value measurement methods. Inventory measured at the lower of cost and net realizable value is an example of a hybrid measurement category. Investment properties and biological assets are both measured at fair value, while financial instruments carried at cost are measured at historical cost.

Which of the Following Is an Example of an Item